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COMMON INTEREST OWNERSHIP BADDENDUMb Form

COMMON INTEREST OWNERSHIP BADDENDUMb Form

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[Music] hi everybody I'm Jeff Farnsworth president CEO of steward property services located in Petaluma California and today we're going to talk about what a common interest development is so it looks like you may have just purchased in a homeowner's association or possibly a commercial building and we wanted to talk a little bit just briefly about what that means majority of the time it is a developer coming to the city and saying hey I want to put a development in or the city go into the developer saying hey I want you to put a development in but we don't want to pay for everything so let's create an association and let's have the owner share the costs so we want to park and I mean it has to be open to public but we want the homeowners to maintain the landscaping we're gonna put in a pool but we need the homeowners to maintain the resurfacing of it maybe you have attached units where you have to then decide ok who's taki

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